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What is small business/LLC governance?

Corporate governance is a term that encompasses the collection of processes, policies, laws, customs and institutions that affect the way a company is directed and administered. Corporate governance also includes the relationships and roles of those involved in the company, including owners, management, directors, share holders, employees, customers, creditors, suppliers, and the community in which the business is located.

Corporate governance includes, but is not limited to, the following:

  • The organization, roles, duties and membership of the Board/owners and any committees
  • Best practices for board operations
  • Relationships between the Board/owners and shareholders, management and employees
  • Compensation of officers, directors and members
  • Statements of principles, codes of ethical conduct and conflict of interest policies
  • Evaluating conflicts of interest and corporate opportunity issues
  • Performance evaluations of the board, directors and management
  • Limiting director and officer liability
  • Insurance matters
  • Investigations
  • Legal and ethical compliance reviews
  • Relationships between family and a family owned business

The role of corporate governance is to define these processes and relationships in order to ensure a company is operating under accepted ethical standards and best practices, as well as formal law. Corporate governance aims to prevent future problems by defining roles and expectations and by having a plan of action for any complications that arise in the future.

The function of an attorney in this area of law is to advise on best practices and provide the body of documentation that defines the governance of a particular business and to make sure that it is compliant with local, state and national laws.

The Kramer Law Firm offers counsel in all areas of LLC and corporate governance to businesses and non-profits in the Washington, DC metropolitan area. We focus on making high quality and personalized corporate governance services available to small companies.

Our full range of corporate governance services include:

  • Development of governance structure and documentation
  • Mergers
  • Restructuring
  • Capital acquisitions
  • Sales of businesses or assets
  • Employment contracts and non-competition agreements
  • Employee development
  • Conflict resolution
  • Corporate filings
  • Downsizing and dissolution
  • Federal and state tax matters
  • Succession planning

When you engage the Kramer Law Firm, we take the time to understand your company's business methods, goals and legal needs. We review your existing documentation and talk to you about your priorities. We ensure that current business operations are completely fiscally and legally compliant with local, state and federal law and offer counsel in how best to address and succeed in attaining your business objectives. Contact the Kramer Law Firm to learn more.

The Kramer Law Firm, LLC

3 Bethesda Metro Center

Suite 700

Bethesda, MD 20814

Email: skramer@kramerfirmllc.com

Phone: 301-961-1503

The Kramer Law Firm provides personalized legal services to corporations, small businesses and individuals in the Washington DC metropolitan area, including Montgomery County, Maryland and the cities of Bethesda, Rockville, Potomac, Silver Spring and Gaithersburg.


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The Kramer Law Firm LLC represents small business clients throughout Washington, D.C. and Montgomery and Prince George's Counties in Maryland, including the communities of Bethesda, Bowie, Chevy Chase, Gaithersburg, Germantown, Laurel, Potomac, Rockville and Silver Spring and all of the surrounding areas.

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